Bobby Bonilla Teaches Us A Lesson About Interest

Happy July 1! It’s now
only 365 days until
the Mets start paying Bobby Bonilla his deferred compensation
package, which consists of him being paid $1.2 million every
July 1 from 2011 through 2035 because the Mets didn’t want to give
him the $5.9 million they owed him in 2000! I have cut and pasted
five or six different bits of this Wall Street Journal
piece on exactly why and how this fiasco happened for inclusion
here, because they’re all just so cringe/facepalm-worthy. But you
should go read the whole thing, because at the very least, it’s a
nice primer for any future labor negotiations you might have!
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